CIBC World Markets Inc. · Toronto, ON Canada
Company Description
Phone: +1-416-594-7000
Fax: +1-416-956-6958
View CIBC World Markets Inc. Locations On A US Map
This link will open in a new window
This link will open in a new window CIBC World Markets is not some diabolical Canadian plot to take over the world. The company is the investment banking subsidiary of Canadian Imperial Bank of Commerce (CIBC), one of Canada's Big Four banks. Its services include debt and equity underwriting, sales, and trading; asset securitization; mergers and acquisitions advice; industry research; merchant banking; foreign exchange; and real estate finance. The company is active mainly in North America, where it has about a dozen locations. It also has nearly 10 additional offices in Asia, Europe, and Australia. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key CIBC World Markets Inc. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | October |
| Annual Sales (mil.) | $573.1 |
| Employees | 2,500 |
CIBC World Markets Inc. Executives
23 executives listed for CIBC World Markets Inc.'s Toronto, ON location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Richard Nesbitt | Network |
| Chief Administrative Officer and CFO | Drew Stewart | Network |
| Chief Economist | Avery Shenfeld | Network |
Competition
Competitive Landscape for CIBC World Markets Inc.
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top CIBC World Markets Inc. Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!